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Flexible Employee Benefits 

By implementing a flexible employee benefits scheme, you can offer staff a competitive benefits package while giving them the freedom to choose the rewards that are most relevant to their circumstances.  

What are Flexible Benefits?

Rather than providing the same prescriptive list of benefits for each team member, flexible benefits allow you to offer options that reflect the changing needs of your diverse and multi-generational workforce.  

Flexible benefits can be offered as part of a salary exchange agreement where employees receive a non-cash benefit for giving up a portion of their wage, or they can be additional perks that staff receive on top of their salaries.  

How do Flexible Benefits Work? 

Flexible employee benefits are presented via an accessible, user-friendly online program which allows your staff to choose, manage and change their benefits all in one place. 

With a bespoke flexible benefits platform, your employees can view and alter their benefits remotely from any desktop or mobile device. Plus, the easy-to-use software means you can easily monitor your expenses and keep on top of your employees’ expenses as well.

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Flexible Employee Benefits Service

Why should you offer a Flexible Benefits Scheme?

Each one of your employees is unique. With varying concerns and priorities, specific benefits will be more valuable to some than others. By modernising your offering and giving your team full autonomy to weigh up all the choices, they will be fully engaged in the process – a contributing factor to retaining and attracting talent.  

In handing the reins to your employees, you’ll save time on HR management with all the data and reports you need stored in one convenient location. Plus, the flexible approach means new hires can come into the business and choose their unique and personalised combination of benefits, thereby future-proofing your employee benefits strategy.  

Cost and Tax Implications  

As well as all the advantages already mentioned, implementing a flexible benefits program also brings potential tax and national insurance savings when flexible benefits are offered in a salary exchange model.  

Not only that, you won’t have to worry about paying for any unused benefits. As employees fully control which benefits they want as part of their contract, you can cater to their specific needs rather than taking a blanket approach.  

If you think a flexible benefits scheme might be the right solution for your business, our experienced consultants will be glad to take you through the entire process. From feasibility and design to implementation and ongoing management, we’ll ensure that your program meets your business goals and provides an accessible hub for everyone to take control of their employee benefits.